SMBC Group is seeking an experienced finance professional to join the Product Control team to enhance daily P&L validation, attribution, reporting, price testing, and analytical functions, ensuring the reliability, accuracy, and completeness of financial information for reporting purposes.
Requirements
- Derivatives experience required.
- Working knowledge of product control processes, trade lifecycle, and proper internal controls framework within capital markets fixed income or advisory.
- Knowledge of derivatives and other financial instruments per US GAAP.
- Proficiency in Excel, including working knowledge of advanced functions.
- Ability to work with big data and understand system architecture.
Responsibilities
- Manage the processes around daily P&L validation, explanation, and reporting for interest rate and XVA desks.
- Actively engage in the enhancement of the independent price verification framework for rates derivatives products and xVA.
- Lead creation/automation of templates and enhancing the controls around P&L reporting.
- Assist with transformation efforts to modernize the company's financial infrastructure.
- Monitor trading activity for ad-hoc valuations and trade reserves and work with partners to ensure accuracy of financial statements.
- Document new policies and procedures.
- Review and manage Volcker Reporting requirements.
Other
- 10+ years of combined experience in financial services audit or capital markets advisory or fixed income product control.
- Experience in Rates business or xVA is an advantage.
- Bachelor’s degree in accounting or finance or equivalent field of study.
- CPA, CFA, or FRM is an advantage.
- Leadership skills with proven ability to mentor and train junior staff.
- Excellent documentation skills.
- Ability to self-learn and navigate through the company to get work done with minimal supervision.
- SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well, from an SMBC office.
- SMBC requires that employees live within a reasonable commuting distance of their office location.
